Assistant AG Confirms Live Nation Antitrust Investigation
At an antitrust enforcement oversight hearing held by the Senate Judiciary Subcommittee on Antitrust, Makan Delrahim, Assistant Attorney General for the Department of Justice Antitrust Division, confirmed that Live Nation (NASDAQ: LYV) is under investigation for alleged anti-competitive behavior and its adherence to a 2010 consent decree. While he... Read more
Live Nation Dismisses Senators’ Call for Investigation of Consent Decree
In an email sent to Pollstar, Live Nation dismissed last week’s call by a pair of senators for a hard look at the company by the Department of Justice (DOJ), accusing competitors of using misinformation related to their business practices and insisting that the DOJ has already been monitoring... Read more
Sens Blumenthol, Klobuchar Urge DOJ Inquiry into Live Nation
U.S. Senators Amy Klobuchar (D-MN) and Richard Blumenthol (D-CT) are urging the Department of Justice to conduct an investigation into the live entertainment industry in a letter to Makan Delrahim, Assistant Attorney General for the Antitrust Division. Their request is based upon reports that Ticketmaster and its parent... Read more
Rep. Bill Pascrell Asks for Dept. of Justice Investigation of Ticketmaster
Rep. Bill Pascrell, who helped spur a Federal Trade Commission (FTC) “workshop” to examining live event ticketing set for spring of 2019, has asked the Department of Justice to investigate Ticketmaster in a letter to Attorney General Jeff Sessions. The letter “highlights Live Nation/Ticketmaster market malfeasance” according to a... Read more
New Republic Writer Calls for Breakup of Live Nation Following GAO Report
In the wake of Monday’s report by the United States Government Accountability Office on the ticketing ecosystem, David Dayen published a scathing piece in The New Republic on the findings of the report Tuesday. Titled The Ticket Monopoly is Worse Than Ever (Thanks, Obama), Dayen’s piece argues that the... Read more
Live Nation a Monopoly? “Very Smart Assessment” Per CEO (in 2015)
In the wake of Sunday’s bombshell piece on A1 of the New York Times outlining potentially anti-competitive practices in place by industry giant Live Nation Entertainment and subsidiary Ticketmaster – and the potential that they are being examined by the Department of Justice – a response was inevitable. It... Read more